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Nov 23, 2012
11/12
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courtney reagan is in dayton, ohio, jane wells at a best buy in canoga park, california. what's the traffic look like this? >> that's right, bill, i sure am. it opened at midnight. a bit of at lovell, bum then at 10:00 a.m. it really started to pop. i've got speaking with aroundists, retailer, whether it's mavs. pretty good. make not agrees the overial sales are expected. and some early aggravations, most have appeared to have pushed those frustration aside. the majority of people who got here were the full-time employees. but a very good response. >> they were planned leading up to -- but walmart ceo says that actually only 26 protests occurred. many didn't even include walmart employees. and in fact he set -- they missed that scheduled shift. matt values thinks that macy's is the clear winner. i have to say i've seen an automatic lot of macy's backs myself. i'm happy that the leap pad 2 is very hard to find the. >> they won't get any more in? >> they will, but probably not day is the probably. so the inventory they probably out. >> courtney reagan, thank. >>> hoping tha
courtney reagan is in dayton, ohio, jane wells at a best buy in canoga park, california. what's the traffic look like this? >> that's right, bill, i sure am. it opened at midnight. a bit of at lovell, bum then at 10:00 a.m. it really started to pop. i've got speaking with aroundists, retailer, whether it's mavs. pretty good. make not agrees the overial sales are expected. and some early aggravations, most have appeared to have pushed those frustration aside. the majority of people who got...
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Nov 19, 2012
11/12
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california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here. >> cato institute says this should be expected, companies need to protect themselves. michael mandela couldn't disagree more. he says it's nonsense. companies are tightening the purse strings when they have so much cash. michael, any incentive right now? why do you think this is poppycock, the fiscal cliff is not leading to companies investing? >> let's look at it addition let's take a closer look at spending patterns. what's happening is that tech investment is still rising. in fact, tech investment hit an all-time record in the third quarter. it's nontech spending, nontech investment that's collapsing. that has a lot more to do wit
california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead story in the wall street journal today with half of the nation's 40 biggest spenders already cutting back as if another recession was on the way here or here....
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Nov 23, 2012
11/12
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jane wells joins us from a best buy in conoga park, california. jane has been showing up with all of the shoppers, who is are w you? >> what's your name? >> anket. >> reporter: how long have you been waiting in line? >> more than two hours. >> reporter: the big deal is the line is taking forever. what are you buying? >> i'm buying a dslr camera. >> reporter: you came from india to buy this. >> reporter: i did. >> they have a thing called the internet. >> reporter: this is not the experience i was expecting. >> reporter: you get lines like this back home i suppose? >> yes. >> reporter: as raul shows you how this line snakes around, a crazy person but also maybe someone who is exhausted and with a dry sense of humor is first in line. how many tickets did you get? >> six. >> reporter: what are you planning on getting? >> tv for sure and probably a laptop. >> reporter: and the rest, i don't know, might sell them to you, jane. >> reporter: jason mcclellan got here 98 hours before the doors opened, gave him first choice at picking tickets, like a 40 inc
jane wells joins us from a best buy in conoga park, california. jane has been showing up with all of the shoppers, who is are w you? >> what's your name? >> anket. >> reporter: how long have you been waiting in line? >> more than two hours. >> reporter: the big deal is the line is taking forever. what are you buying? >> i'm buying a dslr camera. >> reporter: you came from india to buy this. >> reporter: i did. >> they have a thing called the...
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Nov 21, 2012
11/12
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the northern california one at about 55%. these walmart employees would be f paying for the pensions of retired employees of other companies and it would be very difficult for them to fwget the benefits out. there's a reason walmart employees don't want to join unions and should remain nonunionized. >> richard, you disagree. you say this is a strike protected under unfair labor practices. >> that's not just bad advice, that's un-american. americans have the right to strike for certain purposes without being fired. that is something we all ought to worry about. more importantly, these are folks who work full-time and make about $15,500. what is good for walmart, what is good for the economy, what's good for job creation is having people paid enough to buy the products that they sell. henry ford, that great socialist, understood that if you underpaid retail workers, auto workers, people like that, the economy would collapse. what these workers are saying is that walmart is mistreating them. they have a right to say it. it frank
the northern california one at about 55%. these walmart employees would be f paying for the pensions of retired employees of other companies and it would be very difficult for them to fwget the benefits out. there's a reason walmart employees don't want to join unions and should remain nonunionized. >> richard, you disagree. you say this is a strike protected under unfair labor practices. >> that's not just bad advice, that's un-american. americans have the right to strike for...
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Nov 8, 2012
11/12
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california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> california voters are choosing to raise taxes on high-income taxpayers and increase the sales tax in order to fund education and state programs. so they say. last night voters passed proposition 30 with about a 54% majority. the question, is this tax hike going to destroy the california economy? let's bring in willie brown, former mayor of san francisco. mayor brown, thank you for
california, another package of tax increases on the wealthy. it's past the voters in california, and it's going to drive more business away from a state that desperately needs help. all that's up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at...
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Nov 20, 2012
11/12
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. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >> yeah, it would be all three of those. charter schools and vouchers are a great form of competition to shaken the existing you mon nolism you really need to shaken the monopoly, it's run 50 or 60 years now with no improvement whatsoever while the rest of the world has shown dramatic improvement in education. off great program going on called the common core, 46 states have signed for increase the curriculum capability and rigor in mathematics, science and english. if it can carry off that program, a state-driven program, we have a chance of upgrading education but it's going to take a l
. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >>...
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Nov 19, 2012
11/12
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for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to have the name. >> you know what the invisible hand is, at a minimum. >> only too well. >> first of all, before we get into the details of the fiscal cliff, what would you say to americans who don't understand why congress is gone on vacation this week when there's such a huge bit of work -- or piece of work that needs to get done this week when it comes
for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington....
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Nov 19, 2012
11/12
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>>> and later, the california entrepreneur behind twitter. how jack dorsey has changed the way we communicate. now he's looking at how you use money as we take a break, take a look at how the stock market ended the week. back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well
>>> and later, the california entrepreneur behind twitter. how jack dorsey has changed the way we communicate. now he's looking at how you use money as we take a break, take a look at how the stock market ended the week. back in a moment. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [...
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Nov 13, 2012
11/12
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you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the big greenies. he's -- exactly the kind of epa greenie diana first got roth as describing. >> well, you know, we have had a political earthquake here in california after last week. we now have a two-thirds supermajority in the assembly and senate. now for the business community in order for our economy to grow and create jobs in investment, it is really going to be in his decisi decision make what will happen with the legislature to do that. >> you are not too optimistic. democratic legislature and democratic state which is already very liberal, left, right? how -- i don't see a way out for you, sir? >> larry, t
you got your own epa in california. and you got your own cap and trade in california. and you got your own tax hikes in california. i guess everybody is going to move to texas. is that true? leave town and go to texas? >> we are certainly going to do everything we can to prevent that. we are hoping to work with the governor and he will do the same. >> you don't really believe that, do you? i mean, governor brown wanted the tax hikes. governor brown is one of the big greenies. he's...
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Nov 27, 2012
11/12
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states that i call death spiral states. >> california. >> california. >> california is at the top of the list. >> where else? >> i love this. >> illinois, new york, some smaller states like new mexico. this is what's going on in the states. there are 11 of them on our list of death spirals where you see the number of people dependant on government and the number of people contributing to it and that cross over point is very dangerous. >> regarding stocks, in other words, do you stay away from corporations, domiciled in the death spiral states, does it matter nowadays in the global economy? no, everybody global indicator is important. >> it's very easy to take your comments but to get too carried away on the municipal bonds. you immediate to be conservative on the bonds. >> what happens if they cap the tax-free bond deduction and put a cap on it? >> it could happen. >> seriously. >> could go from a 35% exception to a 28% exemption. you would get a knee neck selloff in the market, but i think that people still want something, and the yields in some of these bonds are still attractive r
states that i call death spiral states. >> california. >> california. >> california is at the top of the list. >> where else? >> i love this. >> illinois, new york, some smaller states like new mexico. this is what's going on in the states. there are 11 of them on our list of death spirals where you see the number of people dependant on government and the number of people contributing to it and that cross over point is very dangerous. >> regarding...
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Nov 12, 2012
11/12
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north dakota it went past california. it is soon going to go past texas and they rp only getting started. i think they are only just beginning. i think the iea was way too long in the anticipation. >> traders are saying if we get there as quickly as you say that doesn't mean a good story for the u.s. consumer as we are seeing with what is happening with gas prices. until we see new refineries and the infrastructure to go along with the drilling we can produce all the oil we want. >> that's the big question. we need to be an exporter of crude oil because we don't have the refining capabilities. we could be an exporter of crude and natural gas because we don't have the ability to refine the crude oil. >> are you saying to be energy independent we need a major shift in natural gas usage? >> it is liquids. in canada you have the deep water drilling in the gulf. it is all of north america. these guys said we are talking from somewhere around 11 million barrels a day by 2010 they will add another 15 million barrels a day by 202
north dakota it went past california. it is soon going to go past texas and they rp only getting started. i think they are only just beginning. i think the iea was way too long in the anticipation. >> traders are saying if we get there as quickly as you say that doesn't mean a good story for the u.s. consumer as we are seeing with what is happening with gas prices. until we see new refineries and the infrastructure to go along with the drilling we can produce all the oil we want. >>...
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Nov 22, 2012
11/12
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um, i grew up in new york, and now i live in california, right? those are really kind of basic, important things. >> under the bio: his latest photos, posted by him or his friends. it's like a running ticker tape of his life. every day, a staggering 100 million photos are uploaded onto the site. lots of photos on the-- right away. >> people love photos. >> yeah. >> photos originally weren't that big of a part of the idea for facebook, but we just found that people really liked them, so we built out this functionality. >> a dozen engineers and designers worked on the new page in this war room... >> cool. >> empty plates and toothpaste tubes by their keyboards. they raced against a clock right there telling them how much time was left to complete each high-priority task. >> we want it to be awesome. >> they came up with a new section on the left. you can now list the important people in your life--mom, dad, sister, sister, sister, girlfriend. another new feature pulls up a history of your relationship with any of your facebook friends. >> you can se
um, i grew up in new york, and now i live in california, right? those are really kind of basic, important things. >> under the bio: his latest photos, posted by him or his friends. it's like a running ticker tape of his life. every day, a staggering 100 million photos are uploaded onto the site. lots of photos on the-- right away. >> people love photos. >> yeah. >> photos originally weren't that big of a part of the idea for facebook, but we just found that people really...
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Nov 15, 2012
11/12
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how do you solve a problem like california? we talk about it next when we come back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around
how do you solve a problem like california? we talk about it next when we come back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200...
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Nov 23, 2012
11/12
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let's go to jane at a best buy in california with a look at black friday traffic there. how is it shaping up? >> i cracked the code. don't come here at midnight. come here at 6:00 a.m. cindy, when did you first get here? >> midnight. >> what did you do? >> leave. >> why. >> because the lines were crazy. i saw your news truck and there was no way i was going to get in and get what i wanted. >> people were waiting two hours in line. sometimes more. how long did you wait in line? >> not at all. >> there's only 20 people. >> nothing. >> but what i wanted is gone. >> there you have it. thank you very much. if you look, it's not that busy right now. earlier it was crazy. estimated 1,000 people outside. and as best buy really struggles, management is trying to impress and inspire employees to make it worth it for customers to come in here especially those who have been camped out for days. >> we're excited to be here. this is our super bowl. >> this black friday will be a test of the renew blue strategy that best buy has. management is trying to remedy a reputation for poor cus
let's go to jane at a best buy in california with a look at black friday traffic there. how is it shaping up? >> i cracked the code. don't come here at midnight. come here at 6:00 a.m. cindy, when did you first get here? >> midnight. >> what did you do? >> leave. >> why. >> because the lines were crazy. i saw your news truck and there was no way i was going to get in and get what i wanted. >> people were waiting two hours in line. sometimes more. how...
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Nov 14, 2012
11/12
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a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000 with two children. if they lived in huntington, new york, they'd have a deficit at the end of the year of $24,380. if they lived in a place like plano, texas, they'd be ahead by $4,936. that would be at the end of the career. pl plan plano, texas, was the only area where the couple came out ahead. is $250,000 rich? >> depends where you live. jackie, that was great. michelle, i have a question to you because i threw it out there on twitter. do you believe it's possible to have an income tax rate or maybe deductions that roll back based on geography? in other words, $2
a three to four bedroom house in glendale, california is about $750,000. comparable area, twin falls, idaho, is about $325,000 for the same kind of house. what about the cost of food? an assortment of groceries in new york city. 72% more than those same72% more same items in twin falls, idaho. about two years ago, the fiscal times commissioned a study on this from a national tax accounting firming. they looked at several areas around the country for this hypothetical couple that earns $250,000...
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Nov 14, 2012
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. >> one very important person in california reportedly once said we want to be the most predictable boring growth company. analysts did not predict growth last summer. the company has had double digit profit growth for four quarters in a row. is boring back? >> is boring back? >> i think you buy cisco more than sell juniper. now you have somewhat of a floor in the stock around the $17 level. john chambers has executed in a very tough environment. >> next a it is hip to be square. the payment company announced on twitter it has hit $10 billion in processed payments before starbucks starts using square. starbucks will add 6 billion more a year so you can use square to buy your tea vana tea. >> we can't trade square because it is not public. to us veri phone. we have been short. pay anywhere. tons of them. >> celebrity trades. >> first go long channing tatum. i have been accumulating tatum calls for a long time. it is one of my best investments. take profits on the beebe. justin bieber pulled over by police driving a ferrari. he broke up with his girlfriend so expect volatility in the
. >> one very important person in california reportedly once said we want to be the most predictable boring growth company. analysts did not predict growth last summer. the company has had double digit profit growth for four quarters in a row. is boring back? >> is boring back? >> i think you buy cisco more than sell juniper. now you have somewhat of a floor in the stock around the $17 level. john chambers has executed in a very tough environment. >> next a it is hip to...
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Nov 21, 2012
11/12
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certainly here in california we've had job growth. so i think in our world in southern california we're going to be in pretty good shape. but uncertainty is never good. i don't think there should be an option. >> mr. caruso, yesterday craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive momentum. i know we have positive momentum. so are we perfect? no. but california is growing at a much faster pace and a better pace than most of the united states. so i don't equate it to greece at all. >> mr. caruso, thank you for being with us and a happy thanksgiving to you. >> thanks you. >>> he's a billionaire, righ
certainly here in california we've had job growth. so i think in our world in southern california we're going to be in pretty good shape. but uncertainty is never good. i don't think there should be an option. >> mr. caruso, yesterday craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen,...
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Nov 19, 2012
11/12
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michael burry, a california physician with only one good eye. uncomfortable dealing with patients, burry quit medicine and started a hedge fund in cupertino. beginning in 2003, he turned to something that no one else in america was doing: reading and analyzing the pools of risky subprime mortgage loans that wall street had been buying up and bundling into highly profitable mortgage-backed securities, which they were selling to investors around the world. >> i called up the prospectuses, and i read the prospectuses, and i looked at these pools. i could see the credit standards within these pools deteriorating just quarter to quarter. >> how could you tell that? >> there was essentially crappier mortgages being put into these pools, and it didn't seem investors seemed to care, and it didn't seem the ratings agencies seemed to care. >> do you think many people read these prospectuses? >> i think the lawyers that put them together...[laughs] to an extent, maybe. >> do you think the executives at the big wall street firms who were issuing these bonds
michael burry, a california physician with only one good eye. uncomfortable dealing with patients, burry quit medicine and started a hedge fund in cupertino. beginning in 2003, he turned to something that no one else in america was doing: reading and analyzing the pools of risky subprime mortgage loans that wall street had been buying up and bundling into highly profitable mortgage-backed securities, which they were selling to investors around the world. >> i called up the prospectuses,...
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Nov 21, 2012
11/12
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this one was a fugitive, having jumped bail on a california burglary charge. another had been arrested for shoplifting just four months earlier and deported. but somehow, she got back into the united states. because shoplifters are not considered serious criminals, they rarely spend much time in jail. >> these groups predetermine and have plans if somebody is arrested. if a team of eight goes out, and two of those people are arrested, it's the responsibility of the other six to get the money together to bail them out and get them back out on the street. >> then, he says, they disappear, traveling to another city, or assuming a new identity. the few cops who follow these groups say they have effectively carved out a criminal niche for themselves, exploiting a justice system that lets people who commit property crimes off easily. what percentage of the time were you caught? >> we can say once a year. >> and you worked every day. >> five days a week. >> this professional shoplifter from chile became a confidential informant for the new york task force when they t
this one was a fugitive, having jumped bail on a california burglary charge. another had been arrested for shoplifting just four months earlier and deported. but somehow, she got back into the united states. because shoplifters are not considered serious criminals, they rarely spend much time in jail. >> these groups predetermine and have plans if somebody is arrested. if a team of eight goes out, and two of those people are arrested, it's the responsibility of the other six to get the...
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Nov 27, 2012
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. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of cours
. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has...
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Nov 9, 2012
11/12
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it will give us a footprint in minneapolis and northern california. we could not be more excited about this growth opportunity. and i think it's just a great example of how intentional and ambitious we are to grow our footprint. >> i think you're doing a terrific job. it's the best performer in the group. thank you so much to the ceo of afc enterprises, better known as popeye's but it is a great stock in a category where you might be looking for one. stay with cramer. >> coming up, you are ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive "lightning round." >>> and later, sour apple? it's the most valuable tech company in the world and its products have changed the course of consumer electronics. so why is this stock taking a dive? and is now the time to get in? cramer has answers. don't miss his take on apple coming right up on "mad money." >>> all right, cramerica, it all happens tomorrow. our annual veterans day show. invest in america salute to the troops. we have a great lineup. members of the milit
it will give us a footprint in minneapolis and northern california. we could not be more excited about this growth opportunity. and i think it's just a great example of how intentional and ambitious we are to grow our footprint. >> i think you're doing a terrific job. it's the best performer in the group. thank you so much to the ceo of afc enterprises, better known as popeye's but it is a great stock in a category where you might be looking for one. stay with cramer. >> coming up,...
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Nov 29, 2012
11/12
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how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, the current valuation a dollar benine book value, isn't a.r.r. a great value? >> you know what? i have thought it was. this is another one of those real estate mortgages reits, that i have somewhat been mystified about the price performance. someone asked about this on the street, and i said i think it should be doing better. i agree, i think it's an okay buy. john in oregon, please. >> caller: boo-yah, jimmy, how are you? >> boo-yah back at you. >> caller: residential 4078 builders, i bought in about six or eight months ago, i have about four of them right now. it seems like the market as flattened out as far as they're concerned. should i hang onto them or ring the bell? i was talking with the research director, a frequent contributor to "fast money." we both felt the say way, this is a pullback, a pullback in time. i want you holding on to them. i think they'll have a very good 2013. i would rather consolidate, mutual f
how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, the current valuation a dollar benine book value, isn't a.r.r. a great value? >> you know what? i have thought it was. this is another one of those real estate mortgages reits, that i have somewhat been mystified about the price performance. someone asked about this on the street, and i said i think it should be doing better. i agree, i...
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Nov 22, 2012
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and by the way, did you see what california has done? do you know what after tax rate of return on assets held in california is happened? it just plummeted. that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time. now as someone who worked in there years ago as arthur did, short period of time, you will take the better part of the winterer to make a deal. so we are going to go into recession. the question is, do you think the president can take that and do you think he can really blame republicans? is it that easy, or is all hell going to break loose in the country? >> i think it will be absolutely terrible if we go over and stay over
and by the way, did you see what california has done? do you know what after tax rate of return on assets held in california is happened? it just plummeted. that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than...
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Nov 1, 2012
11/12
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california's been hijacked by academics environmentalists, all the refining cooperations in california have led to major declines for a lot of companies who said theyill doing very well. somebody said something about cap and trade, california must start to feel a little too much like europe. >> great, great, we are finding common ground. >> he had the ceo of eatono. preparing those transmission lines. >> the combination of cooper and eaton is really designed to make it so the transmission system worldwide is upgraded so that when you have 6 million to 8 million people without power, they can call him. >> tomorrow on "squawk box," one final employment report before the presidential election, one last read on job before america votes for its nec leader. we'll bring you the numbers and analysis from our annal of experts. it all starts tomorrow at 6:00 p.m. eastern. on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is on
california's been hijacked by academics environmentalists, all the refining cooperations in california have led to major declines for a lot of companies who said theyill doing very well. somebody said something about cap and trade, california must start to feel a little too much like europe. >> great, great, we are finding common ground. >> he had the ceo of eatono. preparing those transmission lines. >> the combination of cooper and eaton is really designed to make it so the...
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Nov 5, 2012
11/12
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for some parts of the market, here in southern california, the markets are even tighter than that. you add it up and it's pretty clear, things are going to start moving forward, or better said, they're going to continue to move forward from the gains we've seen over the course of the last six months or so. >> so, david, how would you -- how would you describe the market, then? has it become now the issue of getting a mortgage that seems to be one of the sticking points, or is it still a lot of supply on the market? because even though a lot of people feel we've seen the worse, we're just bumping along the bottom with housing. what is it going to take to get this needle moving? >> it's both. supply and mortgage products. we've had some of the most prestriktive products we've had in years. it's relative. it's really returning back to where it was as far as mortgage products were concerned. we're turning back to the products we used to have when we had a healthy economy but we don't have products that really fuel the excess growth. a lot of people feel we need that, given the inventor
for some parts of the market, here in southern california, the markets are even tighter than that. you add it up and it's pretty clear, things are going to start moving forward, or better said, they're going to continue to move forward from the gains we've seen over the course of the last six months or so. >> so, david, how would you -- how would you describe the market, then? has it become now the issue of getting a mortgage that seems to be one of the sticking points, or is it still a...
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Nov 2, 2012
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help on the way from the west coast, from california. dozens of power trucks loaded on to giant air force cargo planes to help with power restoration. those things amazingly flying across the country all the way from california. the situation remains desperate in many neighborhoods in the tri-state area. these are pictures from this morning on staten island. there is virtually no power on the island. destruction is widespread. the secretary of homeland security janet napolitano will visit today. staten island is where the new york marathon will start on sunday. more subway service returning to manhattan, but not below 42nd street where power is still out in wide parts of the city south of that parallel. city officials say they may have to evacuate the marine life from the massive new york city aquarium based in brooklyn. the death toll from the storm nearing the 100 mark. despite the damage in atlantic city, that town's famous casinos are open again and they are conflicting reports about when power will be restored in manhattan. hundreds
help on the way from the west coast, from california. dozens of power trucks loaded on to giant air force cargo planes to help with power restoration. those things amazingly flying across the country all the way from california. the situation remains desperate in many neighborhoods in the tri-state area. these are pictures from this morning on staten island. there is virtually no power on the island. destruction is widespread. the secretary of homeland security janet napolitano will visit...
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Nov 19, 2012
11/12
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places like louisiana, arizona, wyoming, montana, california, places where some of them high unemployment rates, you're talking about reducing federal spending in places with high unemployment rates and this handy bar charts shows the split between defense spending in blue and nondefense in green. maryland, virginia, the washington, d.c., area, the highest federal pending, hawaii a lot of defend spending, same with alaska. more non-defense in new mexico down to georgia, 6.9% so these are the ways it's going to affect by state. we can even drill down further and look county by county, and what you see here for example if you drilled down here in louisiana there's one county in here where there's a federal penitentia penitentiary, because these are federal jobs as a percent of the total. you can see places along the texas coast, the bottom line on all of this is that we talk about reducing the ifisical cliff and solving the problem on a national level, but there are individual states that are going to be hit harder and there are blue states and states that come in so it's not easily democra
places like louisiana, arizona, wyoming, montana, california, places where some of them high unemployment rates, you're talking about reducing federal spending in places with high unemployment rates and this handy bar charts shows the split between defense spending in blue and nondefense in green. maryland, virginia, the washington, d.c., area, the highest federal pending, hawaii a lot of defend spending, same with alaska. more non-defense in new mexico down to georgia, 6.9% so these are the...
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Nov 30, 2012
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in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here
in las vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what...
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Nov 30, 2012
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one of the develop storingie ii looking at is chinese products to california to the rest of the country and there's a lot of ports being shot. >> national retail federation said that a lot of product for the holiday season is already in the stores. so maybe it won't be a huge impact and maybe that product can be routed to other ports to mexico and then trucked up. maybe it's a good thing for truckers and fedex and u.p.s.s of the world if the product isn't in the store already, retailers need to get it quickly, good for overnight shippers. >> they have all of the stuff in. that's a good point. ksu rang the bell the other day. they're instrumental in bringing goods from mexico. very interesting. >> look at those freight volume which is they report next. meantime, got to talk zynga taking a hit in the premarket. social gaming company changing its relationship with facebook. the new agreement essentially removes the special status that zynga enjoyed among game developers and also now allows facebook to develop its own games. it's been called an open marriage by "the new york post" today and
one of the develop storingie ii looking at is chinese products to california to the rest of the country and there's a lot of ports being shot. >> national retail federation said that a lot of product for the holiday season is already in the stores. so maybe it won't be a huge impact and maybe that product can be routed to other ports to mexico and then trucked up. maybe it's a good thing for truckers and fedex and u.p.s.s of the world if the product isn't in the store already, retailers...
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Nov 16, 2012
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thank you very much for your time, adam schiff representing california. thank you. >>> great questions there, by the way. former cia director david petraeus was answering questions on capitol hill today but not about the scandal that led to him resigning. in a private hearing, he told lawmakers that he believed all along that the attack on the u.s. consulate in benghazi, libya was a terrorist strike despite how the white house initially portrayed it. of the scandal that led him to resign, petraeus expressed his regret about the circumstances of his departure but said nothing more. simon? >>> two major breaking stories right now impacting the oil market. there's been an explosion on an oil rig in the gulf of mexico off the coast of venice, louisiana. a company called black elk energy operates that rig. reports are that a worker may have cut a line with a settling torch. four people have been rushed to the hospital, two are reportedly still missing. so far we have no reports of oil actually leaking into the gulf. >>> meanwhile, also breaking right now, the
thank you very much for your time, adam schiff representing california. thank you. >>> great questions there, by the way. former cia director david petraeus was answering questions on capitol hill today but not about the scandal that led to him resigning. in a private hearing, he told lawmakers that he believed all along that the attack on the u.s. consulate in benghazi, libya was a terrorist strike despite how the white house initially portrayed it. of the scandal that led him to...
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Nov 28, 2012
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. >> what's the average waiting time for someone in california waiting for a liver transplant? >> it's probably realistically three years, and it could be much longer. >> not for tadamasa goto, who got a liver in just six weeks. california attorney larry eisenberg finds that surprising, especially since goto was number 80 on the waiting list. >> it should not be possible that an unsavory character from out of the country with ties to organized crime comes into the united states and gets a priority and obtains a transplant. >> these two families, eisenberg's clients, both lost loved ones waiting for livers at another transplant center in the same area. salvador ceja was number two on the waiting list. john rader was number five. do you think, for one second, that this was legitimate, that they stood in line and waited just like your husband did? >> absolutely not. >> no? >> absolutely not. no, because nobody gets a liver that quickly. >> i think they were playing god. now i think they were picking and choosing whoever they wanted to give a liver to. >> so in your minds, what was
. >> what's the average waiting time for someone in california waiting for a liver transplant? >> it's probably realistically three years, and it could be much longer. >> not for tadamasa goto, who got a liver in just six weeks. california attorney larry eisenberg finds that surprising, especially since goto was number 80 on the waiting list. >> it should not be possible that an unsavory character from out of the country with ties to organized crime comes into the united...
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Nov 28, 2012
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you came up humble beginnings, northeast california. rubbermade used to be in california. now they're here. if you were the ceo of a new york or chicago company today, would you like to move to a place like atlanta? >> i would because i think it's very important -- it's always been important to be happy. critically today associates are making a lot of decisions about where they want to spend their time, raise their families. this is a great place to raise your family. it's an area that supports businesses and understands businesses and has a long history of good collaboration between business and -- >> that's good for here, but isn't that bad for new york and chicago and those places, which appear to be, for a lot of different reasons, just increasingly noncompetitive? >> i don't know they're not competitive. i come from new york. i have a bias towards new york. chicago is a great city. san francisco. a lot of the great northern cities and west coast cities have their traditions and history as well. atlanta has been a unique place as the hub of the southeast. i think it's
you came up humble beginnings, northeast california. rubbermade used to be in california. now they're here. if you were the ceo of a new york or chicago company today, would you like to move to a place like atlanta? >> i would because i think it's very important -- it's always been important to be happy. critically today associates are making a lot of decisions about where they want to spend their time, raise their families. this is a great place to raise your family. it's an area that...
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Nov 15, 2012
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is down nearly 19% so far this year, so we can crack that up to be decent news and upbeat news from california, it will have a $1.9 billion budget gap during its next fiscal year, that's far smaller, here is the good part, far smaller than it's seen in prior years and holds out the possibility that california may actually see surpluses within a few years thanks to spending cuts and tax hikes. those folks have their fingered crossed. >>> hamas rockets killed three in israel as they threaten a wider offensive. martin fletcher is in tel aviv and has more. >> reporter: israel and the palestinians in gaza are on the major edge of a confrontation, neither side really wants but seems to be what happens. israeli rocket attacks against gaza targeting the militant leaders of hamas are continuing and continuing to attack rocket stockpiles from gaza. israel's goal is to prevent hamas from attacking israeli citizens with rockets. there have been 850 akz ta, 100 in the last week alone. that's what israel wants to stop. at the same time hamas has been retilliating today at least 130 rockets fired from gaza i
is down nearly 19% so far this year, so we can crack that up to be decent news and upbeat news from california, it will have a $1.9 billion budget gap during its next fiscal year, that's far smaller, here is the good part, far smaller than it's seen in prior years and holds out the possibility that california may actually see surpluses within a few years thanks to spending cuts and tax hikes. those folks have their fingered crossed. >>> hamas rockets killed three in israel as they...
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Nov 28, 2012
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. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap just shy of $4 billion. reatlix under $1 billion. still, a significant sides. it would be for ncr. we have to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of bus
. >> we want to go to california now to john fortt who has breaking news regarding ncr, which is now halted on news pending. what's going on? >> yeah, scott. not exactly sure what the news is, but i've rumor they could be announcing an acquisition just after the bell. also want to know that retalix, that's an israeli company, point of sale, technology. they recently did an acquisition of a company that served high-end retail establishments nap has also been halted. ncr's market cap...
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Nov 14, 2012
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california has a credit rating approaching junk status. it spends more money on public employee pensions than it does on the state university system. arizona is so desperate, it sold off the state capitol, supreme court building, and legislative chambers to a group of investors and now leases the buildings from their new owner. then there's new jersey. it had the highest taxes in the country, a $10 billion deficit, and a depressed economy when first-year governor chris christie took office. but after looking at the books, he decided to walk away from a long-planned and much-needed project with new york and the federal government to build a rail tunnel into manhattan. it would have helped the economy and given employment to 6,000 construction workers. lots of jobs. >> yeah. i canceled it. i mean, listen, the bottom line is, i don't have the money. and you know what? i can't pay people for those jobs if i don't have the money to pay them. where am i getting the money? i don't have it. i literally don't have it. >> this is going on all over t
california has a credit rating approaching junk status. it spends more money on public employee pensions than it does on the state university system. arizona is so desperate, it sold off the state capitol, supreme court building, and legislative chambers to a group of investors and now leases the buildings from their new owner. then there's new jersey. it had the highest taxes in the country, a $10 billion deficit, and a depressed economy when first-year governor chris christie took office. but...
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Nov 6, 2012
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. >> in california alone a handful of donors have spenlt more than $350 million on stat ballot initiative. much of the money comes from a single family, the monger's. daughter molly monger has spend more than $40 million. her more conservative brother has spent $36 million on a measure to make it harder for unions to raise political money. the hedgefund chief spent more than $25 million to close a tax loop hole for out of state companies. many say they are just using their money for broader public good. at least one ballot backer has his own fortunes in mind. he spent more than $30 million to oppose a new bridge. turns out he has his own toll bridge that collects tens of millions of dollars a year. we will see whether all of this ballot money was a waste or not. we will know tonight or tomorrow morning. >> these numbers are mind boggling. thank you so much. for investors how are they positioning themselves for an obama or romney victory? we will break it down now. guys, thanks for joining us. jeff, what will you do tomorrow if mitt romney wins? >> like many of us i'm watching the election
. >> in california alone a handful of donors have spenlt more than $350 million on stat ballot initiative. much of the money comes from a single family, the monger's. daughter molly monger has spend more than $40 million. her more conservative brother has spent $36 million on a measure to make it harder for unions to raise political money. the hedgefund chief spent more than $25 million to close a tax loop hole for out of state companies. many say they are just using their money for...
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Nov 29, 2012
11/12
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they represent, you know, the california state employees. that's an important investor to have. they're making noise about this. i think it's something the board really shouldn't ignore. they've put forth a nonbinding proposal that will be up for next year's annual meeting. i think if shareholders vote for it, which i think there's a reasonable shot they will, the board really has to listen to that. they can choose to ignore it. they do have a duty as well. this will add pressure. relational is not going away with the board saying, yeah, we looked at it, we rejected it. >> the back story is it's a family owned company run by generations in this family. they have already responded to relational in this disclosure. they say the time is not right now to spin off the steel business. the steel business diversifies the operations and provides cost savings for the steel and ball bearings business to have these operations together. >> that's what they always say. they never say, yeah, there's no synergy, but we like them together. they always say why they should be together. but i think
they represent, you know, the california state employees. that's an important investor to have. they're making noise about this. i think it's something the board really shouldn't ignore. they've put forth a nonbinding proposal that will be up for next year's annual meeting. i think if shareholders vote for it, which i think there's a reasonable shot they will, the board really has to listen to that. they can choose to ignore it. they do have a duty as well. this will add pressure. relational is...
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Nov 8, 2012
11/12
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for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >> welcome back. half of the trading day in the books and here's how the top trades look thus far. j.p. morgan getting permission from the fed to resume stock buybacks in the first quarter of 2014, and stephanie link, here's a look at financials getting a snapback today up three quarters of a percent for jpm. >> it putting the london wales to bed. it's accretive to earnings and i think numbers will likely go up and i like this company very much because it has capital markets exposure and a lot of other kinds of areas in the banks where you want and the trade at one time is very attractive. >> whole foods is plunging today after
for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >> welcome back. half of the...
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Nov 19, 2012
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for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >>> israel is ready for a ground invasion but the country prefers a diplomatic solution. oil is moving higher this morning. joining us live from gaza now is ayman. >> good afternoon. the sun is setting and they have been for every night over the past six 9nights palestinians brace themselves for a violent night. it's during the coming hours that there's an intensification of israeli targets throughout the gaza strip. yesterday on sunday there was an incident that many describe here as a massacre. one that targeted the home of a senior member of hamas' military according to the israelis but inside that residential house were fam
for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help, sleep train is holding a secret santa toy drive. bring your gift to any sleep train, and help keep the spirit of the holidays alive. not everyone can be a foster parent, but anyone can help a foster child. >>> israel is ready for a ground...
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Nov 15, 2012
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. >>> founder reed hoffman interviewing steve vollmer at the churchill club in santa clara, california, last night since the resignation of windows guru. when asked about it he said sinofsky made one of the most amazing contributions anyone's made to any company. when discussing sales. surface tablet, vollmer said many people are having their
. >>> founder reed hoffman interviewing steve vollmer at the churchill club in santa clara, california, last night since the resignation of windows guru. when asked about it he said sinofsky made one of the most amazing contributions anyone's made to any company. when discussing sales. surface tablet, vollmer said many people are having their
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Nov 6, 2012
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i see so many small businesses, i was out in california yesterday, i must have met in four days with eight of our companies, and i asked every one of them, what impact does this have? what difference is it going to make whether romney wins or obama? i honestly believe it's almost a neutral element in terms of the young companies. when they are growing and they are excited and their product is being taken up, and most of them that i'm dealing with are internet or wireless based, it's an environment you don't stop hiring. in fact they have big open to buys. >> so what does affect those companies? what are they looking at beyond their own home base? >> i think the general environment will have an impact. i think that the tone of the top will have an impact. i think my personal feeling, the biggest impact for the kind of companies i'm in are what happens for advertising expenditures. i think advertising and advertising -- >> you talked about immigration policy as well. >> sorry, thank you, thank you. immigration policy is getting the kind of people, everyone is frustrated with the idea o
i see so many small businesses, i was out in california yesterday, i must have met in four days with eight of our companies, and i asked every one of them, what impact does this have? what difference is it going to make whether romney wins or obama? i honestly believe it's almost a neutral element in terms of the young companies. when they are growing and they are excited and their product is being taken up, and most of them that i'm dealing with are internet or wireless based, it's an...
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Nov 9, 2012
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>> who is the woman from california? who was in the clinton administration? >> cheryl sandberg. >> no, somebody else whose name i'm drawing a blank. >> god help us. laura tyson? >> yes. >> she's a chicken producer. >> no, she's a professor. >> oh, she's the boxer. there's the boxer. >> 2014-2016, i want to ask but one job -- >> i like what joe said earlier that at the end of the day the only legacy that matters any more for obama is the economy. he's going to have his legacy in obama care for better or worse. going to have his legacy in dodd-frank. the only one that matters anymore is economics. >> you can't -- there's 100 republicans. you can't single the one out that you hate. >> it was very interesting in the exit polls. i just going to to get to this quickly that the electorate sort of blamed bush for the economic crisis. that's not going to be true any more. it's not even true from today. you could make that argument he was given a bad hand. >> i went as far to say that the whole reinhardt rogoff narrative, if we go four years above 8% and crappy gdp the
>> who is the woman from california? who was in the clinton administration? >> cheryl sandberg. >> no, somebody else whose name i'm drawing a blank. >> god help us. laura tyson? >> yes. >> she's a chicken producer. >> no, she's a professor. >> oh, she's the boxer. there's the boxer. >> 2014-2016, i want to ask but one job -- >> i like what joe said earlier that at the end of the day the only legacy that matters any more for obama is...
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Nov 2, 2012
11/12
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conference call this morning where from another 32 of our offices stretching as far west as fresno, california, will be sending in another 400 people later today. we would anticipate probably having upwards of 3,000 people on the ground within the next four to five days. >> you've been doing this for a while. you were with the company since '84. i can't imagine the number of disasters you have helped coordinate the recovery for. seeing anything like this in your time? the confluence of population density, power, the snow? i mean we're talking a very large part of the country. >> this is a very extraordinary situation. the density that we're facing and the enormity of this storm and the geographic area it's covered, new jersey, new york, upward through canada. our canadian offices are also mobilized and working on losses. this is something out of the worried. we are encouraged though that every hour of every day we are seeing small signs of progress. and as has been report you see great acts of heroism being performed by people each and every step of the way. we've seen not only belfor people p
conference call this morning where from another 32 of our offices stretching as far west as fresno, california, will be sending in another 400 people later today. we would anticipate probably having upwards of 3,000 people on the ground within the next four to five days. >> you've been doing this for a while. you were with the company since '84. i can't imagine the number of disasters you have helped coordinate the recovery for. seeing anything like this in your time? the confluence of...
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Nov 13, 2012
11/12
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storm that impacts an entire coast unless you're going to set up offices in chicago, first of all, or california, and i don't know who are the people who are going to staff and man those offices to actually trade on behalf of somebody, it's not clear to me how this works. it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of all, you do need to have some senior people who aren't necessarily located in the proximity of devastation. yes, you do need some senior people but in this circumstance, this is one of the things we learned, andrew, is that since they weren't sure the large traders weren't sure about whether or not they could enter the orders into the new york stock exchange, they actually sent people to archipelago to try to work on the computers, in the middle of this storm, so just a really sort of a cluster and hopefully we can do better in the future. >> what happened to your own next -- isn't this a transatlantic company th
storm that impacts an entire coast unless you're going to set up offices in chicago, first of all, or california, and i don't know who are the people who are going to staff and man those offices to actually trade on behalf of somebody, it's not clear to me how this works. it may very well be that when you have a massive superstorm the size of sandy that knocks out an entire coast or region that it's almost impossible to have true contingency planning. >> two things. good point. first of...
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Nov 28, 2012
11/12
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california does account for 11% of all new u.s. auto sales. i wonder if there will be any driverless cars at this one next. i hope not. in any case, that's it for today's show. thank you for tuning in. i'm kelly evans. up next is u.s. "squawk box." don't go anywhere. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> good morning, today's top stories, ceos heading to the white house to make their fiscal cliff pitch to the president. in global market news, the obama administration declines to name china a currency manipulator. and on the economic front, a report on new home sales topping today's agenda. it's wednesday, november 28th, 2012. "squawk box" begins right now. ♪ here comes santa claus here comes santa claus right down santa claus lane all his reindeers pulling on the reins ♪ >>
california does account for 11% of all new u.s. auto sales. i wonder if there will be any driverless cars at this one next. i hope not. in any case, that's it for today's show. thank you for tuning in. i'm kelly evans. up next is u.s. "squawk box." don't go anywhere. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is...